Wednesday, January 17, 2007

FRG - Breakout Watch

FRG's highest weekly close, ever, was in November, 2006 at $9.90. In a two month consolidation period soon thereafter, FRG made a print low of $7.61. It is now at $9.25, up 5% today (Wednesday) and up a very cool 21.5% from it's low on January 10, just seven days ago. We like FRG's fundamentals and we like its sector, Uranium. Now, we love it's price momentum. All that's left is a breakout above $9.90. Everything is in place for a home run.

A

10 comments:

Allan said...

What's wrong with you people? Where are my accolades? FRG +8.22% to $10.14.

Ali said...

Allan,

Thank you, Allan, thank you. On behalf of all your readers, I apologize for our tardiness in thanking you.

Ali said...

Allan, do you think it is time to consider buying PTSC again?

http://biz.yahoo.com/prnews/070118/clth103.html?.v=16

Allan said...

ali, I would wait for PTSC to show some strength, maybe a three-day high, before adding more or jumping back in if you are out.

sayeed said...

allan, it broke out!! $10.05 now. do you think it's wise to sell now?

Allan said...

sayeed, I'm in from $7.29 and would rather add here then sell a single share. The only way FRG is a sell is if it cannot hold it's pivot breakout @ $9.90.

Anonymous said...

Hi Allan:
NNVC with a sec filing... maybe off the pink?

http://www.sec.gov/Archives/edgar/data/1379006/000114036107001282/form10-sb12ga.htm

Thx for the head-ups.

Warmest Regards,

Blake said...

fantastic call allan, both short-term and long. thank you

Ali said...

Thanks, Allan, for the PTSC advice.

How does the prospect of the coming market weakness, or a decline market itself once it comes, affect your trading decisions on a position like frg or your "16 candles"? I know it might be a big open-ended question that doesn't warrent a full answer at this time and place, but you have a knack for dropping useful, brief investing advice.

As for me and FRG, I got in around 8 and got more at 9.95, and I've got a stop on it all at 9.78. Let the market do what it may.

The rest of my "candles" (why candles, because of the candlestick chart?) aren't all just above inflection points--they're well above one and well below another. David mentions on his blog today that he's sold all his trading positions and holds only his investment positions.

Anonymous said...

MPEL - Another Breakout Watch